OceanaGold (ASX:OGC) reports a loss of US$150.4 million

21Feb

OceanaGold (ASX:OGC) reports a loss of US$150.4 million

 

OceanaGold (ASX:OGC) has a reported a loss of US$150.4 million compared to a $14.5 million profit a year ago.

The company reported a 23.2 per cent fall in revenue to $US500.1 million.

Its full year EBITDA was $US165 million.

The company said it was expecting production for 2021 to be in the range of 340,000 to 380,000 ounces at an all-in sustaining cost of $US1,050 to $US1,200 an ounce.

Shares in OceanaGold (ASX:OGC) are trading 7.27 per cent lower at $2.04.

 
Copyright 2021 – Finance News Network


Source: Finance News Network

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